Sources with inside knowledge of the situation have disclosed that Qualcomm is deep in advanced negotiations to acquire Modular Inc., a startup specializing in AI chips. Modular is currently valued at around $4 billion, and it's anticipated that an official announcement regarding the deal could be made within the next few weeks. Nevertheless, it's important to note that there remains a chance the negotiations might not reach a successful outcome, and the specifics of the transaction are also subject to alteration.
